Jobs report shows momentum for new year

Jobs report shows momentum for new year

The government is expected to report Friday that businesses stepped up hiring in December, a trend likely to gain momentum in 2011. Economists are predicting that employers added a net total of 145,000 jobs last month and that the unemployment rate dipped to 9.7 percent. Some are even more optimistic after a private payroll firm […]

Meet the new boss, not the same as the old boss

Meet the new boss, not the same as the old boss

Overhauling his team at the top, President Barack Obama on Thursday named banker and seasoned political fighter William Daley as his new chief of staff, hoping to rejuvenate both a White House storming into re-election mode and an economy still gasping for help. The choice of Daley immediately brought howls of protest from the left […]

IRS agent admits cheating on taxes

IRS agent admits cheating on taxes

A California-based Internal Revenue Service agent could spend up to nine years in prison after acknowledging that he cheated on his own taxes. Federal prosecutors say 51-year-old Albert Bront pleaded guilty Wednesday in Los Angeles to filing false tax returns for himself and two innocent relatives. The false tax form claims included bogus alimony and […]

Suicide bomber kills 17 in Afghanitan

Suicide bomber kills 17 in Afghanitan

The spokesman for the governor of the southern Kandahar province says a suicide bomber has killed 17 people in southern Afghanistan, near the Pakistan border. Zalmay Ayubi says the attack occurred Thursday in the town of Spin Baldok. Ayubi said the attacker set off his bomb in a barber shop where men also go to […]

Timing of firing of Navy captain over video raises questions

Timing of firing of Navy captain over video raises questions

The Navy brusquely fired the captain of the USS Enterprise on Tuesday, more than three years after he made lewd videos to boost morale for his crew, timing that put the military under pressure to explain why it acted only after the videos became public. Senior military officials said they were trying to determine who […]

Reading the Constitution: Education or futility?

Reading the Constitution: Education or futility?

Republicans and Democrats took turns politely in a historic recitation of the Constitution from the House floor Thursday, but the decorum hardly meant they were in agreement. In a nod to the tea partiers who put the Republicans in power, GOP lawmakers took time out from their campaign to change the way government works to […]

Feds warn states: Don’t come to us, the well is dry

Feds warn states: Don’t come to us, the well is dry

Cut spending, raise taxes and fees, and accept billions of dollars from Congress. That’s been the formula for states trying to survive the worst economy since the 1930s. As Republicans prepare to take control of the House and exert more influence in the Senate, it’s clear that option No. 3 will soon wither. States will […]

Cantor: Americans hate health bill

Cantor: Americans hate health bill

House Majority Leader Eric Cantor says the new health care law is getting in the way of job-creation and vows Republicans are committed to repealing it. Cantor tells CBS‘s “The Early Show” the GOP isn’t retreating from its commitment to get rid of the law overhauling the health care system, even though Senate Democrats have […]

Volcker ending term on Obama’s economic planel

Volcker ending term on Obama’s economic planel

Former Federal Reserve Chairman Paul Volcker is ending his term as chairman of President Barack Obama‘s economic advisory panel next month, a person familiar with the situation said Wednesday. Volcker is a highly regarded voice on financial policy and has been an occasional outside counselor to the White House both as head of the recovery […]

Gibbs out as White House spokesman

Gibbs out as White House spokesman

Robert Gibbs, the feisty press secretary whose job as President Barack Obama‘s chief spokesman and confidant has given him an outsized presence at the White House, announced Wednesday he was quitting for the less demanding, more lucrative role of giving paid speeches and advising the president from the outside world. In a rapidly unfolding makeover, […]